Dow hits all-time high, on pace for 47th record close

Published On Nov 27, 2024, 11:05 AM

The Dow Jones Industrial Average has reached a new all-time high, nearing its 47th record close of the year. While the S&P 500 and Nasdaq Composite indices have seen slight dips, they are still up significantly for the year, with gains of over 19% and 26% respectively. Stocks like Travelers, UnitedHealth, and Walgreens drove the Dow's gains, while Salesforce, Intel, and Microsoft experienced declines. Concerns regarding persistent inflation are still present, with the personal consumption expenditures index showing a 2.3% annual increase, aligning with the Federal Reserve's targets. Investors are anticipating a business-friendly administration under the next administration, contributing to optimism in the market.